Question: Please help solve the wrong ones Your answer is partially correct. Try again. Answer each of the questions in the following unrelated situations (a) The
Please help solve the wrong ones


Your answer is partially correct. Try again. Answer each of the questions in the following unrelated situations (a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $507,000, what is the amount of current liabilities Current Liabilities 126,75 (b) A company had an average inventory last year of $203,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, e.g. 125.) Average Inventory 126,875
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